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China will actively promote the launch of major projects under its latest Five-Year Plan through 2025 to stabilize economic growth, said Meng Wei, spokeswoman of the National Development and Reform Commission at a briefing on Tuesday.
The NDRC will urge local governments to get special bond-funded projects well prepared for bond sales in H2 this year as well as H1 next year, so to ensure substantial work, said Meng.
Meanwhile, China will also take multiple measures to support manufacturing investment, especially advanced manufacturing, said Meng. The NDRC will guide enterprises to upgrade their technology, encourage carbon emission cut and promote green investment, while easing the pressure of rising commodity prices with cost-reducing policies, according to Meng.